Classify the account: Motor Car A/c
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Classification of accounts under Real A/c, Nominal A/c & Personal A/c type of questions should be solved by the 3 Golden rules of Accounting.
Real Account- Debit what comes in, Credit what goes out.
Personal Account- Debit the Receiver, Credit the giver.
Nominal Account- Debit the expenses and losses, Credit the incomes and gains.
Therefore Motor Car A/c is Real A/c
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The a/c of Motor car is ....
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REAL a/c
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